According to Tampa Bay Business Journal, our Division is currently doing very well. We're glad to hear it & hope you'll check us out as your next possible employer! Read the article below or
online.
"Net income at
HCA Inc. doubled during the second quarter, driven by gains in patient volume and expense controls.
The Nashville, Tenn.-based health care company said net income for the three months ended June 30 was $282 million, compared to $141 million in the second quarter of 2008.
Revenue for the second quarter of 2009 was $7.5 billion, compared to $7 billion in the year-ago period, the privately held company said in a release.
The Tampa market was among seven markets singled out by Richard Bracken, president and chief executive, as showing particularly strong earnings performance in the just-ended quarter. In a conference call, Bracken also cited Houston, Dallas, Kansas City, San Jose, Calif., and Austin and San Antonio, Texas. He did not break out earnings for each market.
Overall, volume growth in the second quarter was better experienced in recent periods, Bracken said. Same facility admissions increased 1.9 percent and same facility equivalent admissions increased 4.4 percent in the second quarter of 2009, compared to the prior year’s second quarter.
Expenses such as salaries and supplies declined 2.9 percent as a percent of total revenue quarter over quarter.
Bracken said he remained concerned about the effect of the economy on employment levels and the impact of that on HCA’s uninsured or underinsured patient volumes.
Same facility uninsured admissions increased 10.4 percent in the second quarter of 2009 compared to the prior year, and same facility charity care and uninsured discounts total $1.16 billion in the second quarter of 2009, compared to $846 million in the second quarter of 2008.
Separately, HCA said in a release that it planned to sell $750 million in senior secured first lien notes with the proceeds from the offering used to repay term loans under the company’s cash flow credit facility.
HCA operated 163 hospitals and 105 freestanding surgery centers as of June 30. The company is one of the largest hospital owners in the Tampa Bay area. Its West Florida division, based in Palm Harbor, includes 15 hospitals, 17 ambulatory surgery centers, numerous diagnostic imaging facilities and occupational health sites, and a regional lab."
Cheers,
